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If you are a business that transports goods, property/parcels, or people (passengers) and you get paid to do so, you legally need specific Hire & Reward Insurance. If you’re a courier delivering goods using your own vehicle, you’ll need to take out Hire & Reward Insurance. It covers you for delivering parcels and packages in exchange for payment.

This means that if you are involved in an accident while on the job, your insurance will cover vehicle repair, third party, and legal costs. It is essential for Hauliers, Taxi Drivers, Coach Drivers, Couriers, Fast Food Delivery Drivers, Chauffeur Drivers, Funeral Car Drivers, or anyone that carries people or property of others in exchange for a fee.

Hire & Reward Insurance policies for fleets are designed for businesses with three or more vehicles.

Is Hire & Reward Insurance a legal requirement?

The factors that will impact on the Hire & Reward Insurance premium you pay include:

• Number of vehicles.
• Your industry
• Years of experience
• Claims history.
• Minimum and maximum age of your drivers.
• If you have cameras and telematics installed.
• Initial and ongoing drivers checks and training.
• Length of your policy (Hire & Reward Fleet policies can be up to three years long)

Talk to our experts at BCD who understand the needs of Hire & Reward Fleets and will work with you to help you get a competitive quote that meets your needs.

Hire & Reward Fleet Insurance covers most types of vehicles used to deliver parcels, goods or people, including cars, vans, minibuses, small trucks, taxis and even funeral hearses.

Hire & Reward if different as it extends your cover to acknowledge the fact you earn your living using the UK road network and charge your customers to do so. It reflects the fact you will use the roads far more than most vehicles which remain parked at home or work most of the time.

In the event of a claim both insurers and the police will check for this cover, and if not present then there is a good chance your claim will be refused and that could lead to you losing your vehicle and damaging your reputation with your customers.

The good news is that Hire & Reward fleet insurance can also include social & domestic driving for your vehicles, so no need for more than one policy.

What factors influence the cost of Hire & Reward Fleet Insurance?

The factors that will impact on the Hire & Reward Insurance premium you pay include:

• Number of vehicles.
• Your industry
• Years of experience
• Claims history.
• Minimum and maximum age of your drivers.
• If you have cameras and telematics installed.
• Initial and ongoing drivers checks and training.
• Length of your policy (Hire & Reward Fleet policies can be up to three years long)

Talk to our experts at BCD who understand the needs of Hire & Reward Fleets and will work with you to help you get a competitive quote that meets your needs.

Talk to BCD, we have a range of insurers and products suited to all company types, levels of experience and size. We have insurers that prefer supporting firms with less than 10 vehicles, between 10 & 25 and beyond.

Some insurers prefer you to have cameras and telematics, others are happy just as long as you use their claims app.

So give us a call and let us help.

No, but talk to BCD about our exclusive Hire & Reward fleet breakdown policies available via the RAC and other providers.

No, Hire & Reward Insurance typically provides cover for damage to your vehicle. Public Liability is a separate policy that protects against accidents to the public outside your vehicle. Talk to us at BCD for help and advice on this.